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Causes of Financial Struggle

“The main cause of poverty or financial struggle is fear and ignorance, not the economy or the government or the rich.” — Bold decisions can only be made with intelligence and courage, and everyone is afraid of losing money. The economy is not the cause of a person’s financial situation. This is proven by the fact that even in drastic times, rich people still get richer. The government does tax income and sales, and with proper understanding of the tax situation, a person can assess these taxes and use it to their benefit. The problem is no decision being made or no action taken, driven by fear or ignorance, that creates monetary difficulty.

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Most people are in this exact situation because they do not have the adequate financial literacy to know that is going on and what they can do about it. Even when they do know, they are fearful of losing money. It sometimes take money to grow more money. But because people are afraid of losing money and wanted to play it safe, that they do not take the necessary risk needed.